Finance

India’s ReNew Power secures $390 million in multilateral financing

The independent power producer will use the long-term debt financing to build 398MW of solar capacity in the Indian states of Telangana and Jharkhand, as well as 311 MW of wind farms.

Elecnor to build a 115 MW solar project in Chile

The Spanish company was awarded a US$117 million contract to build the project near Santiago.

Canadian Solar secures US$210 million loan for Thailand facility

Siam Commercial Bank plc (SCB) and China Minsheng Bank will jointly provide the manufacturer with a US$210 million loan to finance its new production facility in Thailand.

SPI threatened with de-listing over delinquent financials

The Chinese solar developer has yet to file financials for the second quarter of 2016, which has caused it to run afoul of NASDAQ requirements.

PV, micro-grids win the bulk of IRENA funding for developing countries

The fourth round of a joint project facility between Irena and the Abu Dhabi Fund for Development that finances renewable energy projects in developing countries has been announced. Solar PV and micro-grid technologies attract the main bulk of funding.

The pv magazine weekly news digest

It’s back to business as usual for solar in the second week of January. After a brief new year’s rest, the global industry is hitting 2017 at full speed and already showing the beginnings of another action packed year.

Solar Power Europe: “Innovation in business models and financing is key”

A report published this week by EU trade body Solar Power Europe puts emphasis on innovative business models and financing schemes as the key drivers taking solar to the next stage in its development across the continent.

BNEF: Global solar investment fell 32% in 2016

While much of this decline is due to lower system costs, it was a difficult year for the solar industry despite a 20% growth in installation capacity.

El Salvador awards 120 MW of solar PV at prices from US$50/MWh

Four PV projects were awarded in the second auction for renewable energy projects in the Central American nation.

Mercom: Total solar corporate funding falls 64% in 2016

It was not a pretty year for solar finance, but some sectors remained unscathed.